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Side-by-side financial comparison of Legend Biotech Corp (LEGN) and MARTIN MIDSTREAM PARTNERS L.P. (MMLP). Click either name above to swap in a different company.

Legend Biotech Corp is the larger business by last-quarter revenue ($272.3M vs $187.7M, roughly 1.5× MARTIN MIDSTREAM PARTNERS L.P.). MARTIN MIDSTREAM PARTNERS L.P. runs the higher net margin — 1.7% vs -14.6%, a 16.3% gap on every dollar of revenue. On growth, Legend Biotech Corp posted the faster year-over-year revenue change (70.0% vs -2.5%). Over the past eight quarters, Legend Biotech Corp's revenue compounded faster (92.7% CAGR vs 0.8%).

GenScript Biotech, fully known as GenScript Biotech Corporation, usually referred to as simply GenScript, is a China–based biotech company. It was co-founded in 2002 in New Jersey by Fangliang Zhang, Ye Wang, and Luquan Wang. The company mainly provides life science research application instruments and services. It was listed on the Hong Kong Stock Exchange in 2015. The current rotating CEO of the firm is Shao Weihui, who also served as the chief operating officer and Chinese Communist Party ...

Martin Midstream Partners L.P. is a U.S.-based midstream energy services provider. It offers storage, transportation, distribution and processing solutions for crude oil, natural gas liquids, refined petroleum products and specialty chemicals, mainly serving customers across North American energy and industrial segments.

LEGN vs MMLP — Head-to-Head

Bigger by revenue
LEGN
LEGN
1.5× larger
LEGN
$272.3M
$187.7M
MMLP
Growing faster (revenue YoY)
LEGN
LEGN
+72.5% gap
LEGN
70.0%
-2.5%
MMLP
Higher net margin
MMLP
MMLP
16.3% more per $
MMLP
1.7%
-14.6%
LEGN
Faster 2-yr revenue CAGR
LEGN
LEGN
Annualised
LEGN
92.7%
0.8%
MMLP

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
LEGN
LEGN
MMLP
MMLP
Revenue
$272.3M
$187.7M
Net Profit
$-39.7M
$3.2M
Gross Margin
58.4%
Operating Margin
-16.0%
4.1%
Net Margin
-14.6%
1.7%
Revenue YoY
70.0%
-2.5%
Net Profit YoY
68.3%
-37.1%
EPS (diluted)
$-0.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LEGN
LEGN
MMLP
MMLP
Q1 26
$187.7M
Q4 25
$174.2M
Q3 25
$272.3M
$168.7M
Q2 25
$255.1M
$180.7M
Q1 25
$195.1M
$192.5M
Q4 24
$171.3M
Q3 24
$160.2M
$170.9M
Q2 24
$186.5M
$184.5M
Net Profit
LEGN
LEGN
MMLP
MMLP
Q1 26
$3.2M
Q4 25
$-2.9M
Q3 25
$-39.7M
$-8.4M
Q2 25
$-125.4M
$-2.4M
Q1 25
$-100.9M
$-1.0M
Q4 24
$-8.9M
Q3 24
$-125.3M
$-3.3M
Q2 24
$-18.2M
$3.8M
Gross Margin
LEGN
LEGN
MMLP
MMLP
Q1 26
Q4 25
57.1%
Q3 25
58.4%
55.1%
Q2 25
62.8%
56.5%
Q1 25
64.4%
53.5%
Q4 24
58.2%
Q3 24
67.2%
58.5%
Q2 24
75.7%
58.4%
Operating Margin
LEGN
LEGN
MMLP
MMLP
Q1 26
4.1%
Q4 25
7.3%
Q3 25
-16.0%
4.1%
Q2 25
8.2%
Q1 25
7.5%
Q4 24
4.0%
Q3 24
-43.9%
7.4%
Q2 24
10.8%
Net Margin
LEGN
LEGN
MMLP
MMLP
Q1 26
1.7%
Q4 25
-1.7%
Q3 25
-14.6%
-5.0%
Q2 25
-49.2%
-1.3%
Q1 25
-51.7%
-0.5%
Q4 24
-5.2%
Q3 24
-78.2%
-1.9%
Q2 24
-9.8%
2.0%
EPS (diluted)
LEGN
LEGN
MMLP
MMLP
Q1 26
Q4 25
Q3 25
$-0.11
Q2 25
$-0.34
Q1 25
$-0.27
Q4 24
Q3 24
$-0.34
Q2 24
$-0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LEGN
LEGN
MMLP
MMLP
Cash + ST InvestmentsLiquidity on hand
$278.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
Total Assets
$1.7B
$537.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEGN
LEGN
MMLP
MMLP
Q1 26
Q4 25
Q3 25
$278.9M
Q2 25
$266.6M
Q1 25
$441.7M
Q4 24
Q3 24
$459.3M
Q2 24
$201.3M
Total Debt
LEGN
LEGN
MMLP
MMLP
Q1 26
Q4 25
$428.0M
Q3 25
$441.3M
Q2 25
$427.8M
Q1 25
$451.4M
Q4 24
$437.6M
Q3 24
$469.3M
Q2 24
$439.4M
Stockholders' Equity
LEGN
LEGN
MMLP
MMLP
Q1 26
Q4 25
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
Q3 24
$1.1B
Q2 24
$1.2B
Total Assets
LEGN
LEGN
MMLP
MMLP
Q1 26
$537.1M
Q4 25
$522.4M
Q3 25
$1.7B
$510.1M
Q2 25
$1.7B
$515.6M
Q1 25
$1.6B
$533.4M
Q4 24
$538.5M
Q3 24
$1.7B
$554.8M
Q2 24
$1.8B
$535.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LEGN
LEGN
MMLP
MMLP
Operating Cash FlowLast quarter
$28.8M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-3.2%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$27.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEGN
LEGN
MMLP
MMLP
Q1 26
Q4 25
$22.4M
Q3 25
$28.8M
$-1.2M
Q2 25
$-13.0M
$30.9M
Q1 25
$-103.8M
$-6.0M
Q4 24
$42.2M
Q3 24
$-75.8M
$-15.8M
Q2 24
$-1.7M
$11.8M
Free Cash Flow
LEGN
LEGN
MMLP
MMLP
Q1 26
$-6.0M
Q4 25
$15.6M
Q3 25
$-7.9M
Q2 25
$25.6M
Q1 25
$-11.9M
Q4 24
$34.2M
Q3 24
$-25.6M
Q2 24
$-696.0K
FCF Margin
LEGN
LEGN
MMLP
MMLP
Q1 26
-3.2%
Q4 25
8.9%
Q3 25
-4.7%
Q2 25
14.2%
Q1 25
-6.2%
Q4 24
20.0%
Q3 24
-15.0%
Q2 24
-0.4%
Capex Intensity
LEGN
LEGN
MMLP
MMLP
Q1 26
1.6%
Q4 25
3.9%
Q3 25
4.0%
Q2 25
3.0%
Q1 25
3.1%
Q4 24
4.6%
Q3 24
5.8%
Q2 24
6.8%
Cash Conversion
LEGN
LEGN
MMLP
MMLP
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LEGN
LEGN

Goods Or Services Transferred At Point In Time$261.8M96%
Goods Or Services Transferred Over Time$10.5M4%

MMLP
MMLP

Specialty products$61.6M33%
Transportation *$52.8M28%
Other$46.5M25%
Terminalling and storage *$22.4M12%
Sulfur services$4.4M2%

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